EUR/USD
EUR USD
1.1840 USD (-0.07%)
Real time data - Forex
Open: 1.1847
Change: -0.0008
Volume: 169,771
Low: 1.1826
High: 1.1871
High / Low range: 0.0045
Type: Forex
Ticker: EURUSD
ISIN:

EUR/USD - Daily - Technical analysis published on 09/16/2020

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  • Timeframe : Daily
  • - Analysis generated on 2020-09-16 15:08:48
  • Status : IN PROGRESS...

Summary of the analysis

Trends
Court terme: Bullish
De fond: Strongly bullish
Technical indicators
28%
22%
50%
My opinion
Bullish above 1.1766 USD
My targets
1.1922 USD (+0.0082)
1.2492 USD (+0.0652)
My analysis
The basic bullish trend is very strong on EUR/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 1.1766 USD. Crossing the first resistance at 1.1922 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 1.2492 USD as an objective. Crossing it would then enable buyers to target 1.3929 USD. Caution, a return to below 1.1766 USD would be a sign of a consolidation phase in the short-term basic trend. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
4.5

This analysis was given by TheFuss. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly
Attention: This analysis is for information purposes only and does not constitute personalized investment advice or an incentive to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this analysis. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

EUR/USD rating 1.1840 USD. On the day, this instrument lost -0.02% with the lowest point at 1.1809 USD and the highest point at 1.1883 USD. The deviation from the price is +0.26% for the low point and -0.36% for the high point.

1.1809
1.1883
1.1840

A study of price movements over other periods shows the following variations:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly



Technical


A technical analysis in Daily of this EUR/USD chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily



In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 9 are neutral and 4 are bearish. Caution: the Central Indicators scanner currently detects an excess:

Central Indicators

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Momentum indicator is back under 0

Type : Bearish

Timeframe : Daily



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.


ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 1.1222 1.1401 1.1766 1.1840 1.1922 1.2492 1.3929
Change (%) -5.22% -3.71% -0.62% - +0.69% +5.51% +17.64%
Change -0.0618 -0.0439 -0.0074 - +0.0082 +0.0652 +0.2089
Level Minor Major Intermediate - Major Major Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.17601.18001.18211.18611.18821.19221.1943
Camarilla1.18251.18311.18361.18421.18481.18531.1859
Woodie1.17511.17951.18121.18561.18731.19171.1934
Fibonacci1.18001.18231.18381.18611.18841.18991.1922


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.15961.16741.17611.18391.19261.20041.2091
Camarilla1.18021.18171.18321.18471.18621.18771.1892
Woodie1.16001.16761.17651.18411.19301.20061.2095
Fibonacci1.16741.17371.17761.18391.19021.19411.2004


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard1.14971.15961.17671.18661.20371.21361.2307
Camarilla1.18631.18881.19121.19371.19621.19871.2011
Woodie1.15321.16141.18021.18841.20721.21541.2342
Fibonacci1.15961.17001.17631.18661.19701.20331.2136

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 53.39
MACD (12,26,9): 0.0025
Directional Movement: 5.1831
AROON (14): -42.8571
DEMA (21): 1.1871
Parabolic SAR (0,02-0,02-0,2): 1.1928
Elder Ray (13): 0.0010
Super Trend (3,10): 1.1673
Zig ZAG (10): 1.1828
VORTEX (21): 0.9634
Stochastique (14,3,5): 35.79
TEMA (21): 1.1827
Williams %R (14): -70.93
Chande Momentum Oscillator (20): -0.0109
Repulse (5,40,3): -0.5517
ROCnROLL: -1
TRIX (15,9): 0.0422
Courbe Coppock: 0.38
MA7: 1.1825
MA20: 1.1843
MA50: 1.1737
MA100: 1.1422
MAexp7: 1.1836
MAexp20: 1.1829
MAexp50: 1.1712
MAexp100: 1.1520
Price / MA7: +0.13%
Price / MA20: -0.03%
Price / MA50: +0.88%
Price / MA100: +3.66%
Price / MAexp7: +0.03%
Price / MAexp20: +0.09%
Price / MAexp50: +1.09%
Price / MAexp100: +2.78%

Quotes : 2020-09-16 15:08:47 - Real time data - Forex

News


The latest news and videos published on EUR/USD at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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